This is the preliminary (or launch) version of the 2024-2025 VCU Bulletin. Courses that expose students to cutting-edge content and transformative learning may be added and notification of additional program approvals may be received prior to finalization. General education program content is also subject to change. The final edition and full PDF version will include these updates and will be available in August prior to the beginning of the fall semester.

The Bachelor of Science in Financial Technology offers concentrations in actuarial science and financial engineering. The program provides quantitatively oriented students the opportunity to apply mathematical, statistical and programming tools to the financial, risk management and actuarial disciplines. Designed to meet the growing need for quantitative modeling and analysis in finance, risk management and actuarial science, the program is technical and interdisciplinary in nature. The curriculum emphasizes courses in finance, statistics and mathematics with supporting courses in related areas.

The actuarial science concentration provides excellent preparation for the basic professional examinations and continued study in actuarial science. Students who complete this concentration also may find employment in areas such as quantitative applications in corporate and public financial policy, actuarial modeling and forecasting, reserves computation and rate making, and computer and information systems in the financial services and risk management industries.

Learning goals

  • To support career advancement over time by giving students the academic foundation in finance and actuarial sciences needed for continued professional development

  • To help students develop the professional skills that will be needed by the businesses and organizations that hire graduates

  • To help students develop ethical awareness so that they are able to deal with an ethical dilemma in the workplace

Student learning outcomes

Upon completing this program, students will know and know how to do the following.

  • Students will be able to identify and use relevant data to calculate appropriate quantitative measures that help in making informed actuarial calculations. 
  • Students will be able to describe and expound on competing propositions in a structured, organized and deliberate manner with comparisons, anecdotal evidence and descriptive analysis. 
  • Students will be able to express the analytic, quantitative and ethical dimensions of a business problem and proposed solutions in a clear, well-organized manner that is free of bias or distortions.


Special requirements

Students in the actuarial science concentration must attain a minimum grade of C in MATH 200, MATH 307, STAT 309, STAT 310, FIRE 319. A student receiving a grade below C may repeat the course one time to raise the grade to the required level. In addition, a minimum GPA of 2.5 must be maintained. Students who fall below a GPA of 2.5 will be placed on program probation and will be given one semester to return to the minimum GPA of 2.5. Students who do not return to the required minimum cumulative GPA of 2.5 after two semesters will be dismissed from the financial technology major. Students who do not satisfactorily attain the minimum grade of C in one course after two attempts will be dismissed from the financial technology major. In concert with the academic adviser of the department, an appeal may be submitted to the chair of the department. A student must have a minimum GPA of 2.5 to graduate from the program. At least 30 hours of the required business courses for the Bachelor of Science must be taken at VCU.

Students admitted into this program must place into MATH 200 to continue in the program. No more than three credits in physical education courses may be applied to the degree. Many courses are offered irregularly; please work with an adviser for optimal course sequencing.

Credit for SPCH 121 or SPCH 321 will substitute for BUSN 225, and no more than three credits of these courses may be applied toward a business degree. Students who earned a minimum grade of B in either ECON 203 or ECON 205  at VCU may substitute that credit for ECON 210.

The pass/fail grading policy may not be used for many course requirements. Students should check with their academic adviser before taking the pass/fail grading option.

The School of Business has special academic policiesincluding policies on transfer credits, that apply to all undergraduate degrees. The pass/fail grading policy may not be used for courses that can satisfy major degree requirements.

Degree requirements for Financial Technology, Bachelor of Science (B.S.) with a concentration in actuarial science

Course Title Hours
General education
Select 30 credits of general education courses in consultation with an adviser.30
Major requirements
• Major core requirements
CMSC 210Computers and Programming3
FIRE 309Risk Management and Insurance3
FIRE 312Financial Modeling3
FIRE 317Investments3
FIRE 321Intermediate Financial Management3
FIRE 417Security Analysis and Portfolio Management3
FIRE 451Options, Futures and Swaps3
FIRE 479Enterprise Risk Management3
INFO 320Business Intelligence and Data Mining3
MATH 201Calculus with Analytic Geometry II4
MATH 211Mathematical Structures3
MATH 307Multivariate Calculus4
STAT 309Introduction to Probability Theory3
• Concentration requirements
FIRE 319Financial Mathematics 3
FIRE 320Actuarial Probability Concepts3
STAT 310Introduction to Statistical Inference3
STAT 212Concepts of Statistics3
Concentration electives (choose four)12
Intermediate Accounting I
Intermediate Accounting II
Computing Skills and Concepts for Bioinformatics
Principles of Consulting
and International Consulting Practicum (must get credit for both courses to count toward degree completion)
Career and Professional Development
Legal Environment of Business
Data Science Skills
Money and Banking
Introduction to Mathematical Economics
Principles of Real Estate
International Financial Management
Property and Liability Insurance
Life and Health Insurance
Employee Benefit Planning
Insurance Law
Cases in Financial Management
Topics in Finance, Insurance and Real Estate
Independent Study in Finance, Insurance and Real Estate
Internship in Finance, Insurance and Real Estate
Practicum in Portfolio Management
Financial Analytics
Information Technology Infrastructure
Intermediate Programming
Linear Algebra
Managing People in Organizations
Strategic Management
Marketing Principles
Customer and Marketing Analytics
Production/Operations Management
Quantitative Solutions for Supply Chain Management
Introduction to Statistical Computing for Data Science
Introduction to Stochastic Processes
Ancillary requirements
• Ancillary core courses
ACCT 203
ACCT 204
Introduction to Accounting I
and Introduction to Accounting II
BUSN 225Winning Presentations3
ECON 210Principles of Microeconomics (satisfies general education BOK for social/behavioral sciences and/or AOI for global perspectives)3
ECON 211Principles of Macroeconomics3
FIRE 311Financial Management3
• Additional ancillary requirements
MATH 200Calculus with Analytic Geometry I (satisfies general education quantitative foundations)4
Open electives
Select any course. 112
Total Hours123

Students may choose electives to reach the minimum total of 123 credits.

The minimum number of credit hours required for this degree is 123.

What follows is a sample plan that meets the prescribed requirements within a four-year course of study at VCU. Please contact your adviser before beginning course work toward a degree.

Freshman year
Fall semesterHours
ECON 210 Principles of Microeconomics (satisfies general education BOK for social/behavioral sciences and/or AOI for global perspectives) 3
MATH 200 Calculus with Analytic Geometry I (satisfies general education quantitative foundations) 4
UNIV 111 Play VideoPlay course video for Focused Inquiry I Focused Inquiry I (satisfies general education UNIV foundations) 3
General education course 3
General education course 3
 Term Hours: 16
Spring semester
ECON 211 Principles of Macroeconomics 3
MATH 201 Calculus with Analytic Geometry II 4
STAT 212 Concepts of Statistics 3
UNIV 112 Play VideoPlay course video for Focused Inquiry II Focused Inquiry II (satisfies general education UNIV foundations) 3
General education course 3
 Term Hours: 16
Sophomore year
Fall semester
ACCT 203 Introduction to Accounting I 3
FIRE 309 Risk Management and Insurance 3
FIRE 319 Financial Mathematics 3
UNIV 200 Advanced Focused Inquiry: Literacies, Research and Communication (satisfies general education UNIV foundations) 3
General education course 3
 Term Hours: 15
Spring semester
ACCT 204 Introduction to Accounting II 3
BUSN 225 Winning Presentations 3
FIRE 320 Actuarial Probability Concepts 3
MATH 211 Mathematical Structures 3
General education course 3
 Term Hours: 15
Junior year
Fall semester
FIRE 311 Financial Management 3
INFO 320 Business Intelligence and Data Mining 3
STAT 309 Introduction to Probability Theory 3
MATH 307 Multivariate Calculus 4
Concentration elective 3
 Term Hours: 16
Spring semester
CMSC 210 Computers and Programming 3
FIRE 312 Financial Modeling 3
FIRE 317 Investments 3
STAT 310 Introduction to Statistical Inference 3
Open elective 3
 Term Hours: 15
Senior year
Fall semester
FIRE 321 Intermediate Financial Management 3
FIRE 451 Options, Futures and Swaps 3
FIRE 479 Enterprise Risk Management 3
Concentration elective 3
Open elective 3
 Term Hours: 15
Spring semester
FIRE 417 Security Analysis and Portfolio Management 3
Concentration electives 6
Open electives 6
 Term Hours: 15
 Total Hours: 123

The minimum number of credit hours required for this degree is 123.